Chennai: Major Announcement from IIT Madras on Deep Tech Fund
The Indian Institute of Technology Madras Research Park (IITMRP) is teaming up with Unicorn India Ventures (UIV) to create a deep tech fund worth ₹600 crore, named the ‘IIT Madras Unicorn Frontier Fund I.’ This fund aims to support over 25 startups, with a significant portion sourced from IIT Madras’s ecosystem, as well as the broader Indian deep tech scene.
During the Entrepreneurship Summit 2026, Prof. V Kamakoti, Director of IIT Madras, shared this exciting news. The summit runs from February 6 to 8 and is known for propelling startups from their initial ideas to growth stages.
E-Summit 2026: Showcasing Innovation
The E-Summit will host various events, including “PitchFest” and “Elevate.” These provide opportunities for startups to attract investments from angel and Series A funds. A Startup Expo during the summit is set to be the largest in South India, featuring over 80 startups showcasing their innovations to students and industry leaders.
Building the Future with the Fund
Most investments from the IIT Madras Unicorn Frontier Fund will range from ₹8-10 crore, focusing on early-stage companies that have shown some level of technological readiness. This fund emphasizes “patient capital,” with a commitment of 12 years to nurture these startups.
Engaging Initiatives
The E-Summit isn’t just about raising funds; it’s also a hub for learning and networking. Here’s a quick look at some highlights:
- PitchFest: Startups pitch to top investors, with winners moving on to Ideabaaz Season 2.
- Elevate: Connects startups with mentors to access funding and market opportunities.
- BootCamp: A six-week accelerator helping startups to prepare for incubation.
- Startup Expo: Offers a platform for startups to exhibit their products.
- Incubator Summit: Fast-tracks startups into top incubators across India.
- Influencer Conclave: A network for creators and freelancers featuring workshops and talks.
The Growing Deep Tech Landscape
The rise of deep tech investment is notable. In 2020, reports indicated that funding in this sector grew by over 30% in India. Experts suggest that with strong backing and resources, these startups can significantly impact various industries, from healthcare to agriculture.
As we observe the burgeoning scene, social media is also buzzing with discussions around these developments. Many young entrepreneurs eagerly follow the summit and share their hopes and aspirations online.
In Conclusion
The IIT Madras Unicorn Frontier Fund is poised to make a significant mark on the startup ecosystem, providing much-needed support to emerging deep tech companies. By fostering innovation and entrepreneurship, it sets the stage for a vibrant future.
For more insights into India’s growing tech scene, check out NASSCOM’s recent report.
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UNICORN INDIA VENTURES, ROBOTICS, SPACE TECH, SEMICONDUCTORS, IIT MADRAS RESEARCH PARK, IIT MADRAS RESEARCH PARK, UNICORN INDIA VENTURES ANNOUNCE RS 600 CR DEEP TECH FUND
